Marine Insurance

Gallagher's marine insurance team brings together the ability to understand and appreciate the fast-changing requirements of Indian clients and structure bespoke solutions using our global reach. We can access market capacity across the globe and provide localized service to our Indian clients in any part of the world.

Maritime insurance and risk management specialists

Globally, the marine business placed by Gallagher covers the entire spectrum of marine, from cargo, hull and machinery to ports and terminals, protection and indemnity and marine liabilities. Headed by specialists in each of these categories, with years of experience makes us one of the most formidable players in marine insurance placements. Of course, that is not all – we are with you in not only structuring a suitable insurance solution and placing it with highly-rated insurers/reinsurers but also walk hand-in-hand with you on your risk management activities, apart from claims advocacy which is a core competency at Gallagher.

In India, Gallagher aims to be a one-stop-shop for all marine requirements:

• Cargo – Our focus is on global controlled master programs for Indian multinationals, stock throughputs, project cargo (with delayed start up) apart from bulk movements of commodities, temperature-controlled cargo and Rejection risks.
• Hull & machinery – Be it a large marine fleet, barges, tugs or yachts, we have solutions.
• Ports & terminals – Our expertise in this area is unrivalled. With more than 85 ports across the globe placed by us, we look to change the way this class of business is done in India by introducing best-in-class risk management practices, coverage and of course, timely claim settlements.
• Marine liabilities – If you are a vessel owner looking for protection & indemnity cover, a vessel charterer seeking charterer's liability, a shipbuilder looker for builders' risk insurance, a stevedore, freight forwarder or a multi-modal operator looking to cover your liability exposures, Gallagher will partner you in devising and implementing a sound insurance solution.

Leading marine industry expertise

Only Gallagher brings together a group of subject matter experts from all aspects of the marine industry. Our team includes marine underwriters, attorneys, analysts who have worked within the marine industry. We leverage our extensive industry experience to spot and analyze industry and market trends to bring solutions that are derived from real time market intelligence. This gives you a competitive advantage when making decisions in all matters relating to risk management.

Access to an elite network of markets

Our long-term relationships with underwriters, P & I clubs and correspondents, enable us to closely monitor products and capabilities throughout the global marine insurance market. This gives us the ability to advocate for you personally with the top marine insurance carriers negotiate more competitive pricing for your entire risk portfolio.

One contact, a whole team

At Gallagher, we build such strong relationships with you, we become an extension of your team. While there will always be a SPOC for each relationship, we can always tap into Gallagher's cross-coverage knowledge and expertise for better risk management solutions, in India and around the world.